By Karen Roman
AIR Global PLC (Nasdaq: AIIR) said first half revenue increased 3.7% to $206.9 million due to flavored shisha molasses revenue growth of 3.4% to $204.7 million, while gross profit rose 2.4% to $116.8 million.
Adjusted EBITDA was $71.7 million, flat year-over-year, related to lower shipment volumes partially offset by U.S. tariff refunds.
For its 2026 fiscal guidance, the company expects USD revenue growth between 4% – 6%, low- to mid-single-digit adjusted EBITDA growth, and stable shipment volumes vs. the prior year, it said.
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“Our first half 2026 performance is a testament to the resilience of AIR’s business, the strength of our global brands and the depth of our organizational culture,” said Stuart Brazier, Air Global’s CEO. “Despite unprecedented challenges following the closure of the Strait of Hormuz, a route through which approximately 70% of our historical shipment volumes have been transported, we delivered revenue growth of 3.7% and stable adjusted EBITDA.”
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